Senior Consultant & Assistant Manager - Audit Valuation for ECL & Derivatives - MENA

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Location : Dubai

Other locations : Anywhere in Region

Date : Jul 10, 2025

Requisition ID :

Senior – Valuations-Complex Securities & Expected Credit Loss (ECL)

EY is seeking a Valuation Specialist to join its Assurance Valuation team. This role involves reviewing and evaluating the valuation of complex financial instruments, including derivatives, for audit purposes. It presents an opportunity to grow within a leading firm through diverse engagements, mentoring, and continuous learning.

Key Responsibilities :

• Ensure accurate reporting of derivatives and hedge transactions, such as interest rate swaps, FX and currency swaps, and credit default swaps.
• Provide expertise in valuing various financial instruments, including corporate bonds, treasury bills, debt securities, loan interest, and equity securities.
• Assess and document hedge effectiveness for different types of hedges, including fair value hedges.
• Review and evaluate the valuation of complex financial instruments, including :
• Forward currency contracts, future contracts, FX spot, and forward deals
• Expected Credit Loss (ECL)
• Options, warrants, and share-based payments
• Fixed income securities and tranches
• Other derivatives, including Employee Stock Options (ESOPS)
• Total Shareholder Return (TSR) and Convertible Bonds
• Bonds with embedded options and Sukuk
• Derivative Strategies and Structured Derivatives
• Simple Agreement for Future Equity (SAFE) notes
• Credit Linked Notes (CLN)
• Incremental Borrowing Rate (IBR)
• Develop and maintain complex financial models using techniques such as Monte Carlo simulation, Black-Derman-Toy model, lattice techniques, and finite difference methods.
• Ensure compliance with accounting standards, including IFRS 9 and IFRS 13.
• Lead derivatives valuation engagements for financial reporting, ensuring quality and timely delivery.
• Utilize advanced tools like Python, R, @Risk, VBA, and data sources like Bloomberg, Refinitiv, and CapitalIQ.
• Stay updated on business and economic trends to enhance valuation models and client engagements.
• Communicate findings and recommendations effectively to senior management and clients.
• Actively participate in process improvement to optimize workflows and enhance valuation efficiency.

Skills and Attributes for Success :

Qualifications :

What We Offer :

About EY : EY aims to build a better working world by creating long-term value for clients, people, and society. With teams in over 150 countries, EY provides assurance, consulting, law, strategy, tax, and transaction services, helping clients navigate complex issues.

If you meet the criteria, please contact us promptly. The exceptional EY experience awaits you.

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EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.

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